Press

Read itBit's press releases and mentions in major media publications.

itBit in the News

Digital currency hedge fund Global Advisors has named Gemini Trust Company and itBit as custodians for its flagship Global Advisors Bitcoin Investment Fund ahead of a possible listing on the Channel Islands Securities...

ItBit Institutional Client Group director Bobby Cho noted that the new product aims to appeal to large volume buyers who want to avoid exchange slippage, whereby their purchase moves the price of the market.

By using an OTC trading desk like the one introduced by itBit, large investors can make trades directly with other traders, without using an exchange. Many institutional investors prefer this because it allows them to...

Marketing director Ben Pousty commented: "As the first and only regulated bitcoin exchange available to US customers nationwide, as well as traders around the world, itBit is a trusted platform within the industry."

Last month, New York City-based itBit became the first cryptocurrency startup to receive a charter to operate as a trust company from the New York Department of Financial services, letting it do business in all 50 states, a...

The attorney who helped itBit Trust Co. LLC obtain the first charter to operate a virtual currency exchange under New York law said his clients’ preparations for heightened regulatory compliance prior to its application and...

VIDEO:
Charles “Chad” Cascarilla, CEO of itBit, tells Yahoo Finance’s Aaron Task in the video above that the approval is a big deal because he believes customers can now feel more comfortable with the virtual currency.

"itBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State's banking law, becoming the first virtual currency company to receive a charter in the state, according to New York's Department...

"The pains that itBit has taken to jump through regulatory hurdles have won it the support of heavy hitters like former Senator Bill Bradley, former FDIC chair Sheila Bair, and former chair of the financial accounting...

"itBit sought approval from New York regulators in order 'to serve as a custodian for our clients' assets and expand our services to U.S. customers,' CEO and co-founder Charles Cascarilla said in the release. The company...

"Taken collectively, the moves signal the start-up’s intentions to be a mainstream commercial business, and a mainstream option for investors in the capital markets. It’s also the latest in a series of moves that are meshing...

"We were No. 4 with 87 sites, mostly Asian restaurants and pizza places, and just ahead of San Francisco among the country’s friendliest bitcoin cities, according to itBit.com’s report." -- Mark Davis, Kansas City Star

“We need people who have deep financial technology experience… We’re trying to convince him or her that we have long-term prospects as a company. Part of that is where we are located.” -- Andrew Chang, COO, itBit

Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may
not grow. Currently, there is relatively small use of crypto assets in the retail and commercial
marketplace in comparison to relatively large use by speculators, thus contributing to
price volatility that could adversely affect an investment in crypto assets. In order to
participate in the trading of crypto assets, you should be capable of evaluating the
merits and risks of the investment and be able to bear the economic risk of
losing your entire investment. No material at this site should be considered
as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.